Whole sale price inflation eases to 13.93% in July
Hindustan TimesIndia's wholesale inflation rose 13.93% in July from a year earlier, helped by a lower increase in food prices, but it stayed in double digits for a 16th month, amid expectations that the central bank will again raise policy rates next month. In July, wholesale prices index-based inflation, which is akin to producer prices, rose lower than a forecast of 14.20% in a Reuters poll of analysts, and compared with 15.18% the previous month. Wholesale food prices, contributing about a quarter of the WPI index, climbed 9.41% in July from 12.41% in June, although fruit prices rose 29.44% and vegetable prices rose 18.25% on the year, data showed. India's consumer inflation dipped to 6.71% in July, separate data released last week showed, easing for the third month, helped by a slower increase in food and fuel prices.